|
April 11, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
| Company |
GDR Software Ltd
|
| Market Price |
Unlisted
|
| Lead manager |
UTI Securities Exchange Ltd.
|
| Listing At
|
Bangalore, Hyderabad and BSE
|
| Opening/Closing
|
April 11, 2000/April 18, 2000
|
| Promoters |
G Dhananjaya Reddy, D Ravikumar, K Vardarajan
|
| Associate Co. |
None
|
| Managing Director |
G Dhananjaya Reddy
|
| Post-issues Stake |
36.89% |
| Issue |
|
| Size |
Rs 28.6 million
|
| Price |
Rs 10 at par |
| On Application |
Rs 10 |
| Allotment |
Nil |
| Objective |
Expansion of development activities and opening new offices in the US, Australia & Bahrain.
|
| Business |
|
| Product |
Website development, business-specific application development
|
| Location |
Bangalore
|
| Project cost |
Rs 133.4 million |
| Funded by |
Equity and term loans
|
| Kensource projections |
|
| Sales |
Rs 115 million
|
| Profit |
Rs 22.5 million |
| Earnings per share |
Rs 1.96 |
| Return on equity |
18 % |
| Comment |
There is such a rotten bunch out there in the primary market to grab your money that GDR does look a good bet.
|
| Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
Stocks
Tell us what you think of this feature
|
